AELV vs BKDV
Harbor AlphaEdge Large Cap Value ETF vs BNY Mellon Dynamic Value ETF
Which is better, AELV or BKDV?
Nearly the same fund. AELV costs less.
AELV has a lower expense ratio. BKDV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. BKDV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | AELV | BKDV |
|---|---|---|
| Expense Ratio | 0.25%Best | 0.60% |
| AUM | $3M | $2.2B |
| Dividend Yield | 1.38% | 0.53% |
| Holdings | 150 | 84 |
| YTD Return | +11.24% | +17.11%Best |
| 1Y Return | +18.09% | +23.83%Best |
| Volatility (annualized) | 10.2%Best | 11.8% |
| Max Drawdown | -16.6% | -15.5%Best |
| $10,000 over 1.9 years | $12,981 | $13,788Best |
| Top 10 Weight | 37.0% | 33.5%Best |
| Fund Family | Harbor Funds | BNY Mellon Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 4, 2024 | Nov 1, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 4, 2024 to Oct 14, 2026 (1.9 years).
AELV vs BKDV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
AELV vs BKDV Performance
Harbor AlphaEdge Large Cap Value ETF (AELV) is an ETF from Harbor Funds and BNY Mellon Dynamic Value ETF (BKDV) is an ETF from BNY Mellon Investment Management. Over the past year AELV returned +18.09% while BKDV returned +23.83%. Year to date, AELV is up 11.24% versus a gain of 17.11% for BKDV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BKDV has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 10.2% for AELV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -16.6% for AELV and -15.5% for BKDV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.95. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
AELV charges 0.25% per year while BKDV charges 0.60%. On a $10,000 position that is $25 vs $60 annually, a gap of $35 per year that compounds over a long holding period. On income, AELV currently yields 1.38% against 0.53% for BKDV.
Holdings Overlap
34.5% of AELV's money is in holdings BKDV also owns. 33.5% of BKDV's money is in holdings AELV also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 75 positions we hold weights for in AELV and 79 in BKDV, against full books of 150 and 84.
What only one of them owns
Our book lists 60 positions for BKDV that do not appear in our book for AELV (64.6% of the fund), and 55 for AELV that do not appear in BKDV (63.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in AELV | Weight in BKDV | Difference |
|---|---|---|---|
| AAPLApple, Inc | 7.05% | 3.28% | 3.77% |
| AMZNAmazon.Com Inc | 3.20% | 6.02% | 2.82% |
| MSFTMicrosoft Corp | 3.13% | 4.98% | 1.85% |
| JNJJohnson & Johnson - Common | 4.56% | 2.74% | 1.82% |
| JPMJpmorgan Chase | 0.55% | 4.03% | 3.48% |
| BACBank of America Corp.: Financials | 3.63% | 0.78% | 2.85% |
| BMYBristol-Myers Squibb Co. | 3.21% | 0.85% | 2.36% |
| CCitigroup Inc. | 2.97% | 1.06% | 1.91% |
| CSCOCisco Systems Inc. - Ordinary Shares | 0.79% | 2.21% | 1.42% |
| KOCoca Cola Co. | 0.50% | 1.75% | 1.25% |
34.5% of AELV is already inside BKDV.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, AELV or BKDV?
AELV has an expense ratio of 0.25% while BKDV charges 0.60%. AELV is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, AELV or BKDV?
Over the past year AELV returned +18.09% vs +23.83% for BKDV, so BKDV leads on 1-year performance. Over the longest common window we track (2 years), AELV annualized +14.72% vs +18.42% for BKDV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, AELV or BKDV?
BKDV has been the more volatile fund at 11.8% annualized versus 10.2% for AELV. Worst drawdown: AELV -16.6% vs BKDV -15.5%.
Should I hold both AELV and BKDV?
AELV and BKDV have a monthly-return correlation of 0.95, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between AELV and BKDV?
34.5% of AELV's money is in holdings BKDV also owns. 33.5% of BKDV's is in holdings AELV also owns. They hold 17 positions in common, counted across the 75 positions we hold weights for in AELV and 79 in BKDV.
Which pays a higher dividend, AELV or BKDV?
AELV yields 1.38% while BKDV yields 0.53%, so AELV currently pays the higher dividend yield.
Is BKDV better than AELV?
AELV has a lower expense ratio. BKDV led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.95. BKDV is less concentrated, with 33.5% of the fund in its ten largest positions against 37.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.